Three colleges in Chicago had the highest default rates among private colleges in Illinois, reporting more than 20 percent of borrowers who started repaying student loans in 2014 defaulted on those loans by the end of 2016, according to a Higher Education Tribune analysis of the latest disclosure from the U.S. Department of Education.

The analysis uses data that tracks borrowers at publicly controlled colleges and universities receiving federal student aid. The 2014 cohort accounts for borrowers who entered repayment on selected federal loans in the given fiscal year and defaulted before the end of the second fiscal year.

Out of 58,634 borrowers in repayment from 75 institutions based in Illinois, 2,614 of them were in default – a default rate of 4.46 percent, which is below the national rate of 11.5 percent.